The week in pharma: action, reaction and insight – week to January 5, 2024

7 January 2024

By Barbara Obstoj-Cardwell. Editor

M&A activity last week saw US pharma major Bristol Myers Squibb close 2023 by announcing the proposed $4.8 billion (plus $1 billion contingent) acquisition of Mirati Therapeutics, having just a few days earlier made a $14 billion bid for Karuna Therapeutics. US biotech Arrowhead Pharmaceuticals last week announced a $450 million common stock offer aimed at supporting its R&D program. Dutch biotech NewAmsterdam Pharma set out its priorities for 2024 in the development of cardiovascular medicines, notably obicetrapib. Research reported in Nature Medicines concluded there was no increased risk of suicidal ideation linked to Novo Nordisk’s GLP1R agonist semaglutide, sold as Ozempic for diabetes and Wegovy for weight control.

Bristol Myers to buy KRAS cancer drug developer Mirati for $4.8 billion

This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Try before you buy

Free

7 day trial access

Take a Free Trial

All the news that moves the needle in pharma and biotech
Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
Receive The Pharma Letter daily news bulletin, free forever.

Become a subscriber

£820

Or £77 per month

Subscribe Now

Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
Daily roundup of key events in pharma and biotech.
Monthly in-depth briefings on Boardroom appointments and M&A news.
Choose from a cost-effective annual package or a flexible monthly subscription

The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK